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I am now a regularly profitable trader and I have spent less than $200 on paid services. Having said that I do recommend that you find a reputable Forex trading course or Forex tutorial to supplement your own online free research. Make sure you do your due diligence prior to signing up. Read the forums to see what other people are recommending. I would say that you should be easily able to find a good forex trading course for under $200.

The good thing is that most forex brokers allow you to set up as many demo accounts as you like for free so you can practice different strategies to see which suits your personality the best. I would suggest trading on a demo account for at least 6 months before risking a penny of your own money.

So to give you a summary of how I would go about learning forex trading, see below:

1) Sign up at babypips and forex factory

2) Sign up with a good forex broker

3) Read and practice for 6 months

4) Optionally find a well recommended Forex course for under $200

5) Read and practice some more (maybe until you can regularly double your demo account)

6) Fund a micro account with a couple of hundred dollars and start trading live.

That plan should set you up well to learn to trade the Forex.